Production: Manufacturing: Intermediate Goods: Total for Luxembourg
LUXPRMNIG01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.79
Year-over-Year Change
-9.88%
Date Range
1/1/2000 - 7/1/2023
Summary
This economic trend measures the output of intermediate goods in the manufacturing sector of Luxembourg. It is an important indicator of industrial production and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Production: Manufacturing: Intermediate Goods: Total for Luxembourg series tracks the monthly production volume of intermediate goods produced by the manufacturing industry in Luxembourg. Intermediate goods are semi-finished products used as inputs for further production processes.
Methodology
The data is collected through surveys of manufacturing establishments and calculated by the Luxembourg Statistical Agency.
Historical Context
Policymakers and analysts use this metric to assess the health and direction of Luxembourg's industrial economy.
Key Facts
- Luxembourg's manufacturing sector accounts for over 10% of its GDP.
- Intermediate goods production is a leading indicator of overall economic activity.
- The series has been published monthly since 1995.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly production volume of intermediate goods manufactured in Luxembourg. Intermediate goods are semi-finished products used as inputs for further production.
Q: Why is this trend relevant for users or analysts?
A: Intermediate goods production is an important indicator of industrial activity and economic health in Luxembourg. It provides insight into the strength of the country's manufacturing sector and overall business conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments in Luxembourg and calculated by the Luxembourg Statistical Agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the direction of Luxembourg's industrial economy and inform decisions around economic and monetary policy.
Q: Are there update delays or limitations?
A: The Production: Manufacturing: Intermediate Goods: Total for Luxembourg series is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Intermediate Goods: Total for Luxembourg (LUXPRMNIG01IXOBSAQ), retrieved from FRED.